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New Trade – ARMOUR Residential REIT, Inc. (ARR) addition

This morning Armour Residential (ARR) opened 5% lower due to SPO. There may be many reasons for SPO but thoe one I have read on the internet would be financing new projects. With a book value at $6.73 this seems to be a good sign. It is also how REITs get their financing. They issue SPO, the price drops, later, usually within 30 days they get back to where they were before. It looks like a great opportunity to add shares to my portfolio.

I bought 100 shares this morning:

02/14/2013 11:31:46 Bought 100 ARR @ 6.7399

Total shares held as of today: 405
Estimated annual dividend: $388.80
Consecutive Dividend Increase: 0 years
Dividend yield today: 14.10%
Dividend 5yr Growth: N/A
Dividend paid since: 2010

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